Wings Financial Ups 5-Year CD Rate And Brings Back 18-Month CD Special


Deal Summary: 5-year Certificate, 1.36% APY ($250k), 1.31% APY ($100k), 1.26% APY ($10k), 1.21% APY ($500).

Availability: Easy Membership Requirement

Minnesota-based Wings Financial Credit Union (Wings Financial) added 25 bps to its 5-year Certificate this week, with the current rates being the highest offered in more than a year. The majority of Wings Financial CDs (including the 5-year) have tiered rates based on four deposit levels ($500, $10k, $100k, and $250k).

2.73*%$250k-Wings Financial Credit Union5 Year Certificate
OTHER TIERS: 2.58% $500 - $10k | 2.63% $10k - $100k | 2.68% $100k - $250k
2.73*%$250k-Wings Financial Credit Union5 Year IRA (Traditional, Roth, CESA)
OTHER TIERS: 2.58% $500 - $10k | 2.63% $10k - $100k | 2.68% $100k - $250k
Rates as of December 8, 2022.

The 5-year Certificate is also available as an IRA Certificate (Traditional, Roth, and CESA), earning the same APYs with the same deposit requirements.

As stated in the CD FAQs, the Early Withdrawal Penalty (EWP) reads as follows:

Term less than 24 months = Loss of amount equivalent to 6 months’ dividends (180 days)

Term 24 months or greater = Loss of amount equivalent 2 years’ dividends (730 days)

While the EWP for short-term CDs is fairly standard, the long-term CD EWP is surprisingly harsh.

There is a ten calendar day grace period before a CD is automatically renewed.

18-Month CD Special

If you’re looking for a shorter-term certificate, the 18-month CD Special that was offered during the month of July is again available, but only through November 30, 2021.

As stated in the fine print for the 18-month CD Special on the Savings Rates page,

Promotional rate valid between 11/22-11/30/21. Certificate must be opened in a branch or through the National Contact Center [800.692.2274].

More details about the 18-month CD Special can be found in my July 8, 2021 blog post.


Headquartered in Apple Valley, Minnesota, Wings Financial Credit Union’s field of membership (FOM) includes virtually all U.S. citizens and resident aliens.

Easy Membership: Option #4 on Wings Financial’s online application reads, “I would like to become a member of Wings Financial Credit Union by making a donation of at least $5 to the Wings Financial Foundation."

Residency: In the last four years, Wings Financial has expanded its geographical eligibility to include parts of Florida, Georgia, Michigan, and Washington.

Anyone who lives or works in the following regions is eligible to become a member:

  • Any Minnesota or Wisconsin county
  • Seattle-Tacoma, WA metro area
  • Detroit, MI metro area
  • Orlando, FL metro area
  • Atlanta, GA metro area

Employment: Individuals (and their immediate family members) who work for an airline or a government agency working with the aviation industry, or who work at an airport directly with air freight, air courier, or air transportation qualify for membership.

Relationship: Immediate family members of current Wing Financial members are eligible to join.

Joining Wings Financial and/or opening a 5-year Certificate can be done online or at any of 31 branches located in Florida, Georgia, Michigan (2), Minnesota (26), and Washington. All the branches, with the exception of those in Minnesota, are located near major airports. As stated on the Response to COVID-19 page,

Wings Financial branch lobbies are open for member and teller services, with no appointment necessary.

Establishing a new Wings Financial membership requires a minimum $5 deposit in a Share Savings account.

Wings Financial does not participate in the CO-OP Shared Branch network, it does offers its members access to more than 80,000 surcharge-free ATMs in the Allpoint, CO-OP, and MoneyPass networks.

Credit Union Overview

Wings Financial Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 1.04% (excellent) based on June 30, 2021 data. In the past year, Wings Financial has increased its total deposits by $960.4 million, an excellent annual growth rate of 19.03%. Please refer to our financial overview of Wings Financial Credit Union (NCUA Charter # 68601) for more details.

Wings Financial Credit Union was originally founded in 1938 as Northwest Airlines Credit Union by seven airline employees. The “Wings Financial” rebrand occurred in 2003 following a charter expansion making the credit union the first to serve all air transportation. Recognized in 2017 as the top Minnesota financial institution by Money Magazine, Wings Financial is currently the 34th largest credit union in the country, with more than 324,000 members and assets in excess of $7.3 billion.

How the Certificate Compares

When compared to the similar length-of-term CDs tracked by, which are available nationwide, Wings Financial Credit Union's 5-year Certificate top APY currently ranks second, regardless of minimum deposit requirements.

The above information and rates are accurate as of 11/26/2021.

To search for the best CD rates, both nationwide and state specific, please refer to the CD rates section of

Related Pages: Detroit CD rates, Atlanta CD rates, Orlando CD rates, Minneapolis CD rates, Duluth CD rates, Fargo CD rates, Seattle CD rates, 1-year CD rates, 5-year CD rates, nationwide deals

Wings Financial Offers $300 Checking Bonus Again
Deal Summary: $300 bonus when opening a new High-Yield Checking or First Class Checking account.

Availability: Easy membership requirement

Throughout July, Minnesota-based Wings Financial Credit Union (Wings Financial) offered a $300 checking account bonus. Now through November 30, 2021, Wings Financial is again offering the $300 bonus when opening a new High-Yield Checking account or First Class Checking account. As stated on the bonus promotion page,

According to the fine print on the promotion page.

If the above requirements are met, the $300 bonus will be paid into the...

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Wings Financial Has Competitive Limited-Time 18-Month CD Special
Deal Summary: 18-month CD Special, 0.85% APY, $500 minimum deposit, new money.

Availability: Easy Membership Requirement

As part of its Member Appreciation Month, Minnesota-based Wings Financial Credit Union (Wings Financial) is offering an 18-month CD Special earning 0.85% APY now through July 31, 2021. Unlike the majority of Wings Financial CDs that have tiered APYs based on four deposit levels ($500, $10k, $100k, and $250k), the 18-month CD Special can be opened with a minimum $500 opening deposit to earn the stated APY. New money is...

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Rate Leading Long-Term CDs at Wings Financial Credit Union
Deal Summary: Certificates – 5-year (1.36% to 1.51% APY), 4-year (1.16% to 1.31% APY), 3-year (1.06% to 1.21% APY), Minimum deposits range from $500 to $250k. Rates are accurate as of 9/18/2020.

Availability: Easy Membership Requirement

It has been more than four years since my last post on Wings Financial Credit Union (Wings Financial). During that time, Wings Financial’s Certificate rates haven’t been high enough to be blog worthy. That has changed as rates at other banks and credit unions have fallen to all-time lows. Wings Financial’s Certificates with...

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Wings Financial CU Offers Competitive 5-Year CD
Availability: Easy Membership Requirement

Earlier this year, Wings Financial Credit Union (Wings Financial) added a 5-year Share Certificate with three rate tiers: 1.96% APY ($500), 2.02% APY ($10k), and 2.07% APY ($90k). Earned dividends can be paid on either a monthly or quarterly basis.

The 5-year Share Certificate is also available as an IRA (Traditional, Roth, and CESA), with the same rate tiers and minimum deposit requirements.

As stated on Wings Financial’s Most Requested Info page, the Early Withdrawal Penalty reads as follows:

Term 12 months or greater...

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CD Rates Fall But Are Still Competitive at Wings Financial Credit Union

We lost another two-percent 5-year CD. Wings Financial Credit Union cut all of its CD rates yesterday, and its 5-year CD yield fell from 2.12% to 1.96%. Like at other credit unions and banks, the 5-year CD rate has fallen the most this year at Wings. The 5-year CD rate has fallen 35 basis points this year whereas the 2-year CD rate has fallen only 15 basis points.

Even though the rates have fallen, Wings Financial's CD and IRA CD rates are still competitive. Below is a list of the most...

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